Well none of you will be surprised that this article by Phillip Inman & Rachel Obordo is being posted here.
Their argument is that the BoE will argue that the UK's natural rate of interest is higher than it was for much of the last decade or so, but lower than it is right now....
Yup, the sado-monetarists are in for the long hall....
#interestrates #economics
https://www.theguardian.com/business/article/2024/aug/02/dont-be-fooled-by-the-interest-rate-cut-higher-rates-are-here-to-stay
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-08-02 17:05:31
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2024-08-02 17:05:31Event JSON
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